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Tenax Therapeutics, Inc.

TENX
Healthcare|Biotechnology|US
$1.69
+0.06 (+3.68%)
DCF Value
$2.35
Tangible Book / Share
$2.03
Cash / Share
$2.13

About

Tenax Therapeutics, Inc. is a specialized pharmaceutical enterprise dedicated to discovering, advancing, and bringing to market therapies for cardiovascular and pulmonary conditions throughout the United States and Canada. Its product pipeline features TNX-103 and TNX-102 (levosimendan), both of which have successfully completed Phase II clinical trials. These compounds are being developed to manage pulmonary hypertension, particularly that linked to heart failure with preserved ejection fraction (HFpEF), as well as other forms of associated pulmonary hypertension. Additionally, the company is progressing TNX-201 (imatinib), a tyrosine kinase inhibitor, designed to treat pulmonary arterial hypertension. Founded in 1967, the organization was initially known as Oxygen Biotherapeutics, Inc. until its rebranding to Tenax Therapeutics, Inc. in September 2014. The company maintains its corporate headquarters in Morrisville, North Carolina.

Stock Price

-75.6%(1Y)
1M
-9.1%
3M
-87.4%
6M
-85.5%
YTD
-86.1%
1Y
-75.8%
3Y
-87.6%
5Y
-99.9%

Pipeline Summary

9 total trials
0
Phase 1
4
Phase 2
4
Phase 3
0
Phase 4
Completed: 3By Invitation: 1Active: 2No Longer Available: 1Terminated: 2

Active Trials (2)

LEVEL-2: LEVosimendan to Improve Exercise Limitation in Patients With PH-HFpEF-2
NCT07288398Pulmonary Hypertension Associated With HFpEF
Phase 3Active
Enrollment: 540 participants
LEVosimendan to Improve Exercise Limitation in Patients With PH-HFpEF
NCT05983250Pulmonary Hypertension
Phase 3Active
Enrollment: 230 participants

Key Facts

Market Cap$44.8M
Employees14 (+250% YoY)
CEOChristopher T. Giordano
IPO DateApr 4, 1994
Beta0.97
52-Week Range$1.31 – $19.4
Avg Volume4,464,721
ExchangeNASDAQ

Ownership

Float99.8%
Shares Outstanding26.5M

Recent Insider Trades

ADAR1 Capital Management, LLCBUY
Oct 21, 2026331,979 shares @ $1.66
ADAR1 Capital Management, LLCBUY
Oct 20, 2026254,342 shares @ $1.60
ADAR1 Capital Management, LLCBUY
Oct 19, 2026336,528 shares @ $1.51
Doogan DeclanBUY
Sep 16, 202653,000 shares @ $1.92
Giordano Christopher ThomasBUY
Sep 15, 20264,850 shares @ $1.82

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Data last updated: Nov 9, 2026, 04:36 AM